Friday, October 26, 2018

The Sensex Outlook for the Day - 26-10-2018


Expecting a small bounce, to marginally reduce the weekly losses from the current -625/-178 on the Sensex & the Nifty.
Trade light for the day, book some profits (on your shorts) and wait for Monday to short afresh for sub-33500/sub-10000 levels.
The outlook will turn positive only after the Sensex manages to close above and sustain 35408.

Date 26-Oct-18
Index Sensex Nifty
S2 33,614 10,103
S1 33,674 10,121
Previous Close   33,690.09 10,124.90
R1 33,805 10,161
R2 33,839 10,171
Fair Value 32,131 9,658



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